The Federal Reserve recently announced that student loan debt totals almost $1 trillion, twice what it was in 2007. It exceeds auto loan debt of $783 billion, and total credit card debt of $679 billion. In 1980, total household debt was about 40% of GDP, whereas today, it is over 90% of GDP, and many of us are becoming the working poor. Many snobs argue that debt is indicative of "living beyond one's means", but such analyses are misleading. While most of our wages have been stagnant despite higher work productivity, bankers have devised "innovative" ways like credit card billing tricks, fake housing bubbles and tuition hikes to ensure that we live as Debt Slaves. Fuck Debt!